997 Millbury St #45
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2022 | Sold | ||
| Sold | |||
| May 23, 2022 | Listed by NAI Glickman Kovago & Jacobs | $848,000 | |
| Listed by NAI Glickman Kovago & Jacobs | |||
| | |||
|
Available For Sale / Lease – First Class Office / Flex Space. Located at 997 Millbury Street in Worcester, MA this highly visible building offers ample parking and accessibility. Set immediately off Route 146 (at Exit 12) and only a mile from Route 290, Route 20, the Mass Pike 90 (at Exit 10A), and downtown Worcester. Area amenities include Dunkin’ Donuts, Wal-Mart, 7-Eleven, Hometown Bank, and many others. Combined both Units 4&5 for a shared space of 7000sf or separate Units 4 (4500 ft.) and Unit 5 (2500 ft.).Both units, which can be combined or separated have ADA handicap entrances and restrooms, kitchens with sinks, great natural light throughout, and 25 parking spaces (ratio of 3.4/1,000 SF)
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/23/2022
|
Loft
|
4 Bath
|
7000 ft²
|
$848,000
Loft
4 Bath
7000 ft²
|
$848,000
09/30/2022
|
Justine Snyder
Fine Properties, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017